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Schroders launches US focused wealth management company

Schroders launches US focused wealth management...

Schroders has set up a new company as part of its wealth management division called Schroder Wealth US that will sit alongside its existing UK subsidiary, Cazenove Capital.

Published : 26, Jun 2017
US seeks recovery of $1.7bn from scandal-hit 1MDB fund

US seeks recovery of $1.7bn from scandal-hit 1MDB...Lock icon

The US Department of Justice (DOJ) is working to recover around $1.7bn (£1.3bn, €1.5bn) in assets linked to an international conspiracy to launder funds misappropriated from Malaysian sovereign wealth fund 1Malaysia Development Berhad (1MDB).

Published : 16, Jun 2017
US asset manager PGIM targets key European markets

US asset manager PGIM targets key European markets...

PGIM Investments, the asset management arm of US insurer Prudential Financial, has registered a range of Ucits funds for sale in five new markets.

Published : 15, Jun 2017
Trump’s Paris exit throws up problems for ESG bond managers

Trump’s Paris exit throws up problems for ESG...

US president Donald Trump’s decision to withdraw from the Paris Climate Agreement may result in securities issued by the US government becoming ineligible for ESG investors, experts say. But ESG fund managers are reluctant to disengage.

Published : 14, Jun 2017
Is dollar weakness set to reverse?

Is dollar weakness set to reverse?

This year's dollar weakness took most investors by surprise. There are, however, obvious reasons for this, and fundamentals suggest it could reverse.

Published : 7, Jun 2017
US Supreme Court rules adviser won’t have to repay $35m

US Supreme Court rules adviser won’t have to repay...

The Securities and Exchange Commission has lost a US Supreme Court case to force an investment adviser to repay nearly $35m (£27m, €31m) his companies stole, as his actions fell outside the statute of limitations.

Published : 5, Jun 2017
Canadian taxman to net $9.6bn in evasion clampdown

Canadian taxman to net $9.6bn in evasion clampdown...Lock icon

The Canada Revenue Agency (CRA) is on track to capture more than C$13bn (£7.5bn, $9.6bn, €8.6bn) in taxes owed after committing “important resources” to crack down on tax cheats, both at home and abroad, the country's taxman has confirmed.

Published : 2, Jun 2017
US pensioner guilty of tax fraud via Panama and Delaware

US pensioner guilty of tax fraud via Panama and...

A 73-year-old woman from Texas has pleaded guilty to conspiring to defraud the US by using accounts in Delaware and Panama to conceal more than $1.3m (£1m, €1.16m) in royalty income she earned from oil wells.

Published : 1, Jun 2017
ANALYSIS: Trump – from asset to liability for US equities?

ANALYSIS: Trump – from asset to liability for...

When Donald Trump was first elected US president, investors believed it would power US equities to new highs while emerging market assets were expected to suffer. Four months into his presidency, expectations have changed radically.

Published : 30, May 2017
JTC adds Isle of Man presence with Merril Lynch acquisition

JTC adds Isle of Man presence with Merril Lynch...

Jersey-headquartered JTC Group has acquired Merrill Lynch Wealth Management’s International Trust and Wealth Structuring (ITWS) business, which provides the administration of trust services for the firm’s international advisory clients.

Published : 26, May 2017
DeVere closes Miami office

DeVere closes Miami office

International advisory firm deVere Group has closed its Miami office, one of its two major hubs in the US, following the company’s “strategic review” announced earlier this year.

Published : 24, May 2017
What Trump’s tax plan means for US expats

What Trump’s tax plan means for US expats

President Donald Trump unveiled his much-anticipated tax plan last month, promising “the biggest tax cuts in history”. Here tax advisers Ephraim Moss and Joshua Ashman from Expat Tax Professionals show how the proposals will affect US expats living around the world.

Published : 22, May 2017
Canada vetoes best interest duty for financial ‘advisors’

Canada vetoes best interest duty for financial...

Canada has abandoned plans to introduce regulation that would require people giving financial and investment advice to act in their client's 'best interest'.

Published : 17, May 2017
Barclays fined $97m for overcharging advice clients in US

Barclays fined $97m for overcharging advice clients...Lock icon

Barclays has agreed to pay more than $97m (£74.9m, €89.2m) to refund advice and mutual fund sales fees to US clients who were charged for services they did not receive.

Published : 11, May 2017
‘Frustrated’ EU politicians step up pressure on US over Fatca

‘Frustrated’ EU politicians step up pressure on...

Members of the European Parliament have asked the European Commission to open talks with the US to make data exchange under the Foreign Account Tax Compliance Act (Fatca) reciprocal.

Published : 9, May 2017
US equities after the Trump rally - any opportunities left?

US equities after the Trump rally - any opportunities...

It’s very easy to make the bear case for US equities right now: valuations are high, and the market has priced in all the good things it expects from Donald Trump and none of the bad stuff. But that may be too simplistic a view.

Published : 4, May 2017
Aberdeen and Standard Life merger: An insider's view

Aberdeen and Standard Life merger: An insider's...Lock icon

Campbell Fleming, global head of distribution at Aberdeen Asset Management, talks mergers, scale, fees and the future of the combined Aberdeen/Standard Life business.

Published : 3, May 2017
Zedra establishes a US office to target Americas

Zedra establishes a US office to target Americas...

Jersey-headquartered independent trust company Zedra has set up an office in Miami to target North and Latin America as part of its fast track global expansion plans.

Published : 2, May 2017
Five things you need to know about Trump’s tax plan

Five things you need to know about Trump’s tax...

This week, US president Donald Trump unveiled what he called “the biggest tax cuts in history”. Here’s a look at some of the initial proposals to slash inheritance tax, top income brackets and tax for large corporations.

Published : 28, Apr 2017
ANALYSIS: Is now the time to invest in active US equity funds?

ANALYSIS: Is now the time to invest in active...

After a wide swathe of active US equity funds outperformed the S&P 500 during Donald Trump's first 100 days in office, is now the time for investors to re-think their assumptions on the active approach?

Published : 27, Apr 2017

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EU’s new tax avoidance law to target Channel Island schemes
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Overseas pension transfers more complex under new FCA rules
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Most expensive global expat cities 2017
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